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MindMap Gallery Guan Zong Writing Lao Lu 33 articles Strategic Management

Guan Zong Writing Lao Lu 33 articles Strategic Management

This is an article about management writing by Lao Lu 33: Strategic management mind map. The formulation of strategy will have a decisive impact on the source allocation and demand of the enterprise.

Edited at 2023-11-06 12:42:41

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Guan Zong Writing Lao Lu 33 articles Strategic Management

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Outline

Full Business Case·Model - Methods for formulating strategies, business models, equity financing, equity design, and business transformation
- 16
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Guan Zong Writing·Lao Lu 33 articles Scientific decision-making mind map
- 16
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strategic management

Is necessary

Strategy determines corporate goals (starting point and basis)

Strategy is the long-term plan for the development trajectory of an enterprise

Define the business direction of the business

Clarify the company’s action guidelines

Orientation of economic management activities

The formulation of strategy will have a decisive impact on the enterprise's resource allocation and needs

Strategy determines resource allocation (based on Coase’s theorem: resources are limited)

The core of strategic planning: efficient allocation of resources

no strategic plan

Managers tend to focus on short-term interests, leading to resource dispersion

Unable to maximize output ratio

Confusing prioritization of resource allocation

Tired of dealing with "urgent needs" and ignoring "urgent tasks"

Enterprises lose core competitiveness

Strategy determines business strategy

Strategic direction determines the planning of the business process

But without a strategy

All operational links have lost their control.

No specific code of conduct and evaluation indicators

Causing chaotic operating landscape

Strategic Decisions Human Resource Planning (Guidelines and Important Basis)

Human resource planning is subordinate to and serves corporate strategy

Clear strategic positioning

Clarify the company’s human resource planning

Increase corporate human capital

Improve the competitiveness of corporate human resources

Of course there are difficulties

Strategy is constrained by managers’ capabilities

Managers who lack strategic vision also lack the ability to predict business operating conditions and market environment.

Vulnerable to the temptation of short-term gains

Pursue "quick results and less money"

Emphasis on interests while ignoring corporate strategic planning

Blindly chasing market hot spots → excessive diversification of corporate investments

A turbulent economic environment will create huge business risks

Strategy is limited by the company's internal resources

Due to the constraints of scarcity of various resources, enterprises may suffer from

Strategic planning lags behind

Due to lack of resources and capability support, it is difficult to integrate strategic goals into business activities

Macro-environmental constraints (PESTEL analysis)

If the macro environment is turbulent and companies survive in the cracks → corporate strategies are negatively affected

Difficulties can be overcome

Do a good job in five forces model analysis

Competitor's competitiveness

Entry ability of potential competitors

Substitutability of substitutes

Bargaining power of suppliers

Buyer's bargaining power

Objectively identify its own resources and capabilities to formulate a strategic development plan that is more suitable for the company and has long-term competitiveness

Do a good SWOT analysis

Predict the size of the risk and your ability to deal with the risk

to oneself

Externally

Do a good job in corporate positioning

Analyze the specific business environment of the enterprise

The first step: find out the core value and competitive advantage of the enterprise (find the positioning)

Step 2: Select core business (select a track)

Achieve strategic goals and realize the expansion and extension of corporate value, so that the company can make long-term profits and achieve stable and long-term development

Combination of two

SO (growth strategy)

Rely on internal strengths and take advantage of external opportunities to create the best business status

WO (turnaround strategy)

Take advantage of external opportunities and overcome internal disadvantages. Don’t miss the opportunity.

ST (diversified business strategy)

Rely on internal advantages, avoid external threats, and decisively confront them

WT (defensive strategy)

Reduce internal disadvantages, avoid external threats, and recuperate